Case 2-2

Volkswagen Group

Based on the information provided
in the chapter, describe the basic
features of German accounting at
the time Volkswagen adopted IAS.
What developmental factors cause
these features?
2. What differences between the
accounting requirements in the HGB
and IAS are highlighted in
Volkswagen’s disclosure? Are the
German requirements consistent
with your characterizations in
requirement 1?
3. What is the relevance of
Volkswagen’s adoption of IAS to
the classifications studied in this